What is the difference between compensatory and monetary damages?

In Hawaii, compensatory and monetary damages refer to different types of legal remedies that a person can seek after suffering an injury in an accident. Compensatory damages are intended to reimburse a person for any losses they suffered as a result of the accident. These losses can include items such as medical bills, lost wages, or pain and suffering. The goal of compensatory damages is to put the injured person in the same position they would have been in had the accident not occurred. Monetary damages, on the other hand, are intended to punish the wrongdoer. These damages are often referred to as punitive damages and are designed to deter a person from similar behavior in the future. These damages go above and beyond compensatory damages in order to punish the wrongdoer for their negligence or intentional harm. In sum, compensatory damages are intended to help an injured person recover from the losses they suffered due to the accident, while monetary damages are intended to punish the responsible party. Both types of damages are available in Hawaii and it is important to understand the differences between the two in order to seek the appropriate legal remedy following an accident.

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What is the difference between compensatory and monetary damages?

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